HEI Stock Summary and Trading Ideas (Heico | NYSE:HEI)

Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts, primarily for engines. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is highly acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.

Heico trades on the NYSE stock market under the symbol HEI.

As of April 23, 2024, HEI stock price climbed to $204.82 with 420,066 million shares trading.

HEI has a beta of 0.60, meaning it tends to be less sensitive to market movements. HEI has a correlation of 0.12 to the broad based SPY ETF.

HEI has a market cap of $28.33 billion. This is considered a Large Cap stock.

Last quarter Heico reported $896 million in Revenue and $.82 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.08.

In the last 3 years, HEI stock traded as high as $206.34 and as low as $122.94.

The top ETF exchange traded funds that HEI belongs to (by Net Assets): VO, VXF, VTI, ITA, XAR.

HEI stock has underperformed the market in the last year with a return of +19.4%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HEI shares. However, HEI has outperformed the market in the last 3 month and 2 week periods, returning +14.3% and +8.8%, while SPY returned +4.9% and -2.5%, respectively. This indicates HEI has been having a stronger performance recently.

HEI support price is $196.22 and resistance is $202.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HEI stock will trade within this expected range on the day.